Democrats at odds over SALT changes

The most recent version of the House’s bill would raise the cap from $10,000 to $80,000, holding it at that level through 2030. The cap would then revert back to $10,000 for 2031.

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The proposal is estimated to raise about $14 billion over 10 years, House Ways and Means Committee Chairman Richard Neal (D-Mass.) says. Neal described the negotiations around the SALT issue in the House as challenging and emotionally fraught.

“If you moved like an inch this way, then the suspicion settled in, and if you moved an inch that way, the suspicion settled in,” he told reporters last week.

The House provision is backed by the lawmakers who have been most aggressively insisting on SALT deduction cap changes. Democratic Reps. Josh Gottheimer (N.J.), Thomas Suozzi (N.Y.) and Mikie Sherrill (N.J.) said in a statement last week that the change “will put money back in the pockets of hardworking, middle class families in our districts and help ensure that our local communities can continue making the investments that we need.”

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